PREDICTION OF GOLD IN THE WEEK AND NEXT WEEKGold price extended its uptrend for the second straight day on Wednesday and hit a three-week high of $2,390 after data revealed by the US Bureau of Labor Statistics showed inflation is ebbing, increasing the odds for a Federal Reserve rate cut in 2024.by TradingGuruTopUpdated 222
XauUsd : Support on Trend LineThe RSI being in the overbought zone likely contributed to the price not reaching the target. Support on Trend Line: Despite not reaching the target, the price took support on a trend line. Trend lines are used to identify and confirm trends in price movements. If the price is taking support on a trend line, it suggests that the overall trend is still intact and the price is respecting this level. Monitor RSI: Keep an eye on the RSI to see if it moves out of the overbought zone, which might provide more room for upward movement. Watch Trend Line: Ensure the price continues to respect the trend line for confirmation of the trend. Confirm Bullish Signal: Look for additional bullish signals or confirmation to validate the potential upward movement suggested by the bullish pin bar. by arshsetiaa0
gold update blwgold mcx styaabv 74000 looks up side 74570--74900 buy on dipssss with sl 73800 or silver abv 93500 soon 95000--97000 no if and but abv 32$ soon 35+++ last sell gvn made 800 pointLongby kailashcfa331
Gold All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions SL 1Hr candle close only, Target Trigger Price Longby BUY_TODAY_TamilUpdated 0
silver update blwsilver stya blw 92000 sell on ris looks till tgt 91400-91000 near sell on rise with tigth sl 92555Shortby kailashcfa330
Zinc MCX sell trade active we can see huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
Copper MCx sell trade active we can see huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
Silver mcx sell trade active we can see huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
Gold mcx sell trade active we can see huge fall On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader0
XAUUSD May 20, 2024 What is the target of this price increase?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Last week, the Russian president's visit to China will have two purposes: first, Russia and China create cooperation, which will make Russia's war in Ukraine continue to take place according to Russia's plan after the With China's support, the war in the Middle East and the factions supported by these two countries will gain more momentum. Second, these two countries are key members of the BRICS bloc. This visit will create momentum for the bloc to continue buying Gold to strengthen the bloc's common currency that is about to be released. In addition, with last week's announcement of US economic indicators, we see a decrease in the number of applications for unemployment benefits in the context of a continuous decline in the labor market, and at the same time the CPI index is at a high level. This shows that the American people are gradually adapting to the current economic situation, which will create confidence for the Fed to at least keep interest rates high to restrain inflation. So we see that the current volatile world situation is having a stronger impact on gold prices than the US economic index. Looking at the H1 graph based on the Elliot wave principle, we see - The price is at the end of wave 5. After measuring the target forecast for the end of wave 5, we have potential target areas that are 2444 and 2460. - After wave 5 ends, we expect an ABC correction before continuing the uptrend - The corrective wave target is expected to launch from the peaks of wave 5. We have 2 expected targets: area 2400 and area 2380. But according to the Elliot wave principle, corrective waves are often very complicated and take a long time. Trading plan In the Sell plan, we align the important price zones at 2444 and 2460 In our Buy plan, we watch the important price zones at 2400 and 2380 Scalping strategies are applied when the upper resistance - support area provides an entry signal. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.by DEEKOPUpdated 4
🔥GOLD ENTERS CORRECTION PHASE💲 Gold prices continued to rise strongly today, hitting a new record high and approaching the $2,450 mark. With the end of last week's double-negative adjustment, gold prices closed positive on the weekly chart, indicating that the upward trend is still strong. On the 1-hour chart, gold prices are currently in an upward trend and have shown strong upward momentum after hitting a new record high. Prices are currently running above the short-term moving average, and the 5-hour and 20-hour moving averages are in a bullish arrangement, indicating strong buying power in the short term. On the 4-hour chart, gold prices are clearly in an upward channel, and the overall trend is upward. MA prices are running above the 50-hour and 200-hour moving averages, and the moving averages are in a bullish arrangement, indicating that the medium-term upward trend is still intact. RSI is currently above 70, showing an overbought state, indicating that there may be a short-term correction risk. The MACD line and the signal line remain in an upward divergent state, and the bar chart expands in the positive area, indicating that the bullish power continues in the medium term. The short-term support level is around 2428-2425. If it falls all the way, the space will increase, and it can be further seen to 2395-2400. The upper resistance level is 2445-2450. If it breaks through 2450 effectively, it may rise further.by MasterGoldTrader2
Natural Gas MCX Future Technical Chart Analysis 20 May📈 NG MCX Future Technical Chart Analysis 📆 Intraday Analysis for 20/05/2024: 📊 Range Trigger Point: 216.80 📉 Day Range: 10.10 📈 Buy Above: 214.14 💼 Average At: 212.95 🎯 Buy Target 1: 223.04 🎯 Buy Target 2: 226.90 🛑 Buyer Stoploss: 210.77 💰 Sale Below: 211.76 💼 Average At: 212.95 💼 Sale Target 1: 210.56 💼 Sale Target 2: 215.13 🛑 Seller Stoploss: 215.13 ✨ Don't forget to reciprocate your love by boosting, following, and responding. Your actions fuel my efforts to do even better for you! 🚀❤️ #NaturalGas #NaturalGasMCX #GasTrading #MCX #CommoditiesTrading #FuturesTrading #TechnicalAnalysis #TradingStrategyby NumroTrader1
Crude Oil MCX Future Technical Analysis, 20 May📈 Crude Oil MCX Future Technical Chart Analysis - 20 May, 2024 📊 Range Trigger Point: 6615 📉 Day Range: 132 📈 Buy Above: 6612 💼 Average At: 6596 🎯 Buy Target 1: 6697 🎯 Buy Target 2: 6747 🛑 Buyer Stoploss: 6568 💰 Sale Below: 6580 💼 Sale Target 1: 6533 💼 Sale Target 2: 6483 🛑 Seller Stoploss: 6624 ✨ Don't forget to reciprocate your love by boosting, following, and responding. Your actions fuel my efforts to do even better for you! 🚀❤️ #CrudeOil #CrudeOilMCX #OilTrading #MCX #CommoditiesTrading #FuturesTrading #TechnicalAnalysis #TradingStrategyby NumroTrader3
xau/usd technical scalping trade analysissort area 2444 sl area 2447 tp 2425 in 15 min Mss occur ( Market structure Shift )Shortby Harsh81884
rejection tradeOANDA:XAUUSD wait for the opportuinity don not rush.. let price make it for you. wait for rejection from the gap..(FVG)Longby rashidrashid56420
Gold Trend 20/05 - Expect a new round of buyingGold has started its rebound after a series of important U.S. economic data went worse than expected since the beginning of this month, and the US inflation data slowed further last week has accelerated the upward momentum. The price rose to a one-month high of 2422 on Friday, with the week ending near 2414. Note that the price of silver also broke through the 2020 high of US$30 on the same day, reflecting that the precious metals market is strengthening and the bullish trend should resume very soon. 1-hr chart - The upward trend accelerated last week from the support line (1) to (1.1). Gold cleared all the short-selling orders near the previous high of 2430 early in the Asian session on Monday reaching a new high of 2440. While the resistance of 2430(2) is cleared, a new round of buying should be triggered in the next 48 hours, and the target in the early part of this week can be set at 2450 or even higher. Notice, the key support is now at 2430. If the gold price returns below 2430, the current upward momentum will slow down, and the trend will reverse. Daily Chart—Last Friday was the first time gold prices closed above 2400, showing that buying orders above 2400 are starting to dominate, the first signal for gold prices to break higher. Gold fluctuated by about US$150 during the consolidation period in the past month(3). The M-T target can be set near 2580(3), a 1:1: ratio. As long as the price stays above 2431 on the daily chart, the S-T target can be set at 2448. P.Toby 1uptick1
SILVER LONG IDEASilver looks good. Silver Brokeout of Monthly Trendline and Horizontal Resitance also. I will take more silver expecting 35$ and 50$ as Targets if it closes monthly above 30$. Lets see and plan accordingly. Longby sfk1229Updated 6
GOLD CONTINUES TO INCREASETechnical analysis from TradingView highlights that gold recently touched $2,360 and even approached $2,380 before facing some resistance and correcting downwards. Despite this, the sentiment remains that a round bottom pattern may indicate potential growth in prices, with key levels being watched at around $2,365 and $2,379 (TradingView). The ongoing developments and forecasts suggest that gold might continue to see bullish trends with key resistances and supports being tested. If you're actively trading or considering trading gold, watching these levels and the response to them could be crucial for understanding potential market movements this week. Longby TradingGuruTopUpdated 114
20 MAY 2024 GOLD ANALYSISTechnical Analysis Support and Resistance Levels: Support Level at $2400: This level has proven to be a strong support as prices have rebounded after reaching this level. It indicates that there is significant buying interest at this price point. Resistance Levels: As gold moves up, the next resistance levels to watch would be around $2450 and $2500. These are psychological levels and previous highs where selling pressure might appear. Trend Analysis: Short-Term Trend: The short-term trend shows a bounce from the support level, indicating potential for a bullish phase. Medium to Long-Term Trend: If gold maintains its momentum above $2420 and breaks through the resistance at $2450, it could signal the beginning of a longer-term uptrend. Longby TradingGuruTop2
Gold 4hr4hr resistance area... So Sell SL maintain. Support resistance bass trading plan. Happy Trading. Thank you.Shortby Tamiltry0
Volume analysis supports this potential scenarioThe S&P CNX Nifty Index Futures chart indicates an uptrend within a defined channel, with the price currently testing a key resistance level. A rejection from this resistance could lead to a pullback towards the fair value gap . Volume analysis supports this potential scenario, suggesting that a move to fill the gap could occur before the price resumes its uptrend. Traders and investors should closely monitor price action and volume dynamics to make informed decisions. by arshsetiaa2
🔥Gold Trading Strategy for Next Week💲Based on the current market situation and technical analysis, the strategy for gold trend next week can be as follows: 1. Short strategy Since gold has been strong recently and closed above $2414 on Friday, it may rebound to the $2420-2430 range after the opening next week. You can try to short in this range: Opening range: $2420-2430 Stop loss position: set near $2435 , with a small stop loss point Target position: short-term target can be set in the range of $2395-2397 2. Long strategy Although the main strategy is short-selling, you can consider going long when the price falls back to the key support level: Pullback range: if the price falls below $2390 , you can consider going long in the short term Stop loss position: set near $ 2380 , with a small stop loss point Target position: short-term target can be set in the range of $ 2405-2410 3. Position management Light position opening: due to the strong market pattern, long-term shorting is recommended to be light to avoid excessive risks Gradually increase position: if the price falls as expected, You can gradually increase your position to further reduce costs 4. Market sentiment and risk control When market sentiment fluctuates greatly, you need to stay calm and not let short-term fluctuations affect your decision-making Important economic data to be released next week (such as inflation and employment data in the United States) may have a significant impact on the trend of gold. If these data support the market's expectations of a Fed rate cut, gold may continue to rise. On the contrary, if the data exceeds expectations and suggests a strong economy, it may put pressure on gold and cause its price to fall back. In summary, the short-term operation strategy for gold next week should be mainly short on rebound, supplemented by long on pullback, and adjusted according to market sentiment and key data.by MasterGoldTraderUpdated 41